Internal credit scores with banks namely nationwide

JP2019

Just wondered if having a large amount in a current account would raise your score if say for 3-6 months you had a balance of 6 grand plus...

I know direct debits count towards it but what about having funds in the account?

Any persons here have any knowledge of internal bank scoring? Especially Nationwide.

Thanks folks 

P.S To avoid confusion im talking about INTERNAL bank scoring, not the fake score from Experian, Equifax and Transunion 

Thrugelmir

Nope.  As money can be spent at any time. Means absolutely zilch. 

[Deleted User]

A bank isn't going to rate you higher for a product on the basis of cash in the account that could be taken out the day after the application is approved

bradders1983

As far as I am aware current account balance doesn't even appear on a credit file.  Clearscore (Equifax) for example just states  the overdraft limit and how far I am (not) into it.

On the same basis a lender isnt going to use that info internally either.

Yahoo_Mail

Money coming in (as a salary) is far more important than any lump sum you keep in there which may, as others have pointed out, be withdrawn at any time.

williewonder

I only have £135 a week paid into my Nationwide account. I have a £1000 overdraft with them.